It may be the reason for the fast climb. But that short term tender feelings move is over, time for the price to go back to its "true value".
The yen is trending up. All I heard recently is trash bonds in Japan hopes got crushed because banks want to lend alot , and the governor has gotten harassed to make even MOAR aggressive monetary policies (reeee).
Europeans and Japanese multi century world domination has been weakening, and they're getting desperate I swear xd.
Buying time but making things worse long term. Well done. Rest in pieces.
Anyway, nice pattern here I think. And price is in supply area.
In baggy breakeven area:
Also, this is similar to EURJPY & BTCUSD triple tops I posted about this year.
If the price goes as far as the stop loss I indicated, the pattern is no longer valid.
Idk why I even use stop losses.
I think this could happen, the summer rally was probably not a false break:
Looking like it could go drop further and bottom where it would be interesting to buy. I would hold till 1800.